Commentary and Research Papers
December 9, 2025
2025
It was a month of two distinctly different chapters for equities. Stocks declined steadily through the first 20 days of November, only to stage a swift late month rebound that pulled the major indexes back to flat or slightly positive territory. November also saw a meaningful correction in many previously high-flying momentum stocks, including lofty-valuation stocks related to artificial intelligence (AI), quantum computing, cryptocurrencies, data cloud, alternative energy, and others.
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December 10, 2025
2025
In our Fall Financial Planning Newsletter, we outline the most impactful updates from the One Big Beautiful Bill Act (OBBBA) - including temporary SALT relief, expanded senior deductions, new tax breaks for overtime and tip income, revised charitable giving rules, and the launch of Trump accounts.
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November 10, 2025
2025
In our previous communication, we highlighted that short-term volatility and periods of relative underperformance have occurred from time to time over the 29-year history of the Small/Mid Cap Growth Portfolio at Pinnacle. We also discussed and showed how each such period has always been followed by a strong performance recovery.
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November 10, 2025
2025
U.S. equities delivered another strong monthly gain in October, extending the market’s impressive recovery from the “Liberation Day” selloff in April. Strength in corporate profits, softer inflation data, a widely anticipated 25-basis-point Fed rate cut, improving global trade dynamics, and renewed leadership from U.S. technology stocks all helped propel the market higher.
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Commentary and Research Papers
November 13, 2025
2025
As interest rates and credit conditions continue to evolve, investors are naturally asking: Where is the best opportunity for income in the fixed-income market today? For clients in higher tax brackets, understanding the relative value of municipal bonds, corporate bonds, Treasuries, and the broader fixed income market is essential. We regularly analyze these benchmarks to help our clients make informed, tax-efficient investment decisions. Here’s a snapshot of the current landscape.
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October 27, 2025
2025
PowerFleet trades at a significant discount to IoT peers but is a compelling growth story in a rapidly growing industry. Even if it reaches one-third of comparable valuation(s), it’s a double.
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Founded in 1984, Pinnacle Associates, Ltd. is a forward thinking, multi-billion dollar investment advisory firm focused on transparency and putting clients first. We provide advice to individuals and families, institutional investors and other financial institutions.
